Calcined coke market enthusiasm is greatly reduced, downstream market holds wait and see

On May 26, 2022, the market price of low sulfur calcined coke was basically stable. Some enterprises reflected that the current shipment is under performance. Due to some low sulfur petroleum coke market price declined recently, enterprises cleared inventory and the price was temporarily stable. Medium and high sulfur calcined coke transaction was acceptable, and some enterprises had no stocks already.

China main refineries' petroleum coke price was temporarily stable, while petroleum coke price in local refineries fell by about 100 yuan/ton.

It is expected that low sulfur calcined coke price will remain stable tomorrow, which may decrease in the near future, with a range of about 800 yuan/ton; Medium and high sulfur calcined coke market price may fell by about 100 yuan/ton.

Market remains wait-and-see, graphite electrode price short-term stability

On May 26, 2022, the mainstream specifications average price in graphite electrode market was 26429 yuan/ton, unchanged compared with yesterday.

Low sulfur petroleum coke price in the upstream raw material market decreased, which had a limited impact on the cost of graphite electrodes. On the one hand, the manufacturers have not loosened their prices of petroleum coke, which is mainly used by electrode enterprises; On the other hand, the raw oil slurry price is still high. The cost of graphite electrode is not likely to decrease in the short term.

As some refineries have reduced petroleum coke price, the market wait-and-see mood increased. In the short term graphite electrode market supply and demand is not easy to change. Due to the cost pressure still exists, the mainstream graphite electrode enterprise quotation is still relatively strong. Therefore, overall, in the short term graphite electrode market price will stabilize wait-and-see. Contact us to know more about graphite electrode industry.